FAQ’s Processing

Frequently Asked Questions

FAQ’s Processing
Yes, everything is done on line through the portal
Our Admin Department gives out credentials to all new loan officers and processors when the first loan is submitted. If a processors work with multiple loan officers, let us know so they are able to access/view all of their loans.
Yes a loan can be submitted TBD and we also accept loans without an appraisal. Please upload the loan like you normally would but make sure not to enter anything other than TBD for the address (entering something like 123 Main, would trigger disclosures). You still need to upload a 1003/1008, income, asset, and all other pertinent documentation.
5th Street Capital will disclose the LE electronically to your borrower once we receive the requirements for disclosing from your office. Fees and a full submission package, as defined by 5th Street Capital, must be provided within 24 hours of loan application, all in accordance with applicable laws, rules, and regulations.

Yes, but will also pull our own credit when the loan is submitted. 

We order the VOE’s unless its specified on the condition sheet that we would require you to order it.
Yes, the 4506 -T must be wet signed but will not hold up your file from moving through the loan process, once received we will order transcripts for you.
No, we don’t require a copy of an AUS finding.
CPL – needs to be in 5th Street Capital’s name
Hazard Insurance – needs to reflect 5th Street Capital as the loss payee
Appraisal – if performed for another lender we require an appraisal transfer letter
Preliminary Title Report
Desk/Field Review (if required)
We underwrite, draw docs and fund the loan for you.
The loan officer must have their NMLS license.